'A complete joke': Laid-off Sears workers say hardship fund cash amounts to nothing after EI cut + MORE Oct 10th

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BREAKING: Ontario Car Insurance Rates Decrease + MORE Oct 18th

Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have decreased by 0.1 per cent on average. .... More »
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On tax reform, Donald Trump gets it done—and takes a moment to gloat Dec 21st

U.S. President Donald Trump, flanked by Republican lawmakers, celebrates Congress passing the Tax Cuts and Jobs Act on the South Lawn of the White House on Dec. 20, 2017 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) You can’t spell “triumph” without T-R-U-M-P, and so here was the.... More »
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Great West Lifeco reports lower Q3 profit due to hurricane related losses + MORE Nov 3rd

WINNIPEG _ Great-West Lifeco Inc. reported a drop in its third-quarter profit compared with a year ago as it was hit by costs related to hurricanes Harvey, Irma and Maria. The insurance company says it earned $581 million or 59 cents per share for the quarter ended Sept. 30 compared with a profit of.... More »

Why Didn't ObamaCare Work? Dec 25th

More evidence that costly government insurance hasn’t made us healthier..... More »

Bring back the $10,000 TFSA

– moneysense.ca

Bring back the $10,000 TFSA(Getty Images)
For those who pay attention to what politicians are up to on taxes, consider that since 2015, the focus has mostly been on raising them. From Atlantic Canada to Alberta, British Columbia and federally, new brackets were invented and other rates raised; in addition, new and higher taxes are yet to come including a federal carbon tax.
Even the new Progressive Conservative government of Brian Pallister in Manitoba, elected last year on opposition to a sales tax increase by the previous government, is toying with new taxes, including a carbon tax and higher taxes on insurance products.
One rare exception to this flurry of higher tax activity was in 2016 when the federal government dropped the rate for one middle income bracket, to 20.5 per cent from 22 per cent.
Middle-class Canada takes a hit
Regrettably, as the Fraser Institute discovered last week, that change wasn’t enough to offset the removal of many boutique tax credits. The net result was that 81 per cent of middle class taxpayers saw their taxes rise, and on average pay $840 more annually…

Continue Reading On moneysense.ca »

Laid-off Sears Canada workers say the hardship fund set up to help them is pointless because any payout counts as income and is deducted from their employment insurance benefits.

Continue Reading On cbc.ca »

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